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Industrial Internet of Things (IIoT) Impact on the Oil & Gas Industry Value Chain

White Paper Published By: Schneider Electric
Schneider Electric
Published:  Jan 09, 2020
Type:  White Paper
Length:  16 pages

IIoT concepts are transforming the Oil & Gas industry business model in fast and dramatic ways as a result of three key factors: The cost of connected sensors has plummeted; connectivity is now widespread; and new software analytics programs are transforming the efficiency of the Oil & Gas value chain. This paper reviews these concepts and examines how Oil & Gas upstream, mid-stream and downstream processes are impacted and how these processes can derive benefit from this advanced digitization.



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